Comment by EvenSteven27on Feb 13, 2025 5:39pm
49 Views
Post# 36452717
RE:RE:RE:RE:tg.v gold stock is up 33% made new high
RE:RE:RE:RE:tg.v gold stock is up 33% made new highHeywood, personally I think Graham Downs got stiffed on ATAC. Great land packages just east of Keno Hills. However, the FNs made clear they weren't going to grant access unless the company was going to float ore up to the Arctic Circle and continually fly helicopters in. Not likely on either of those. Sure Hecla is better able to do something with the ATAC portfolio than ATAC could ever do. Downs was floundering and his company had neither the cash nor runway to deal with the longhaul. Hecla saw an opportunity and scooped up cheap.
It would appear two points are clear when dealing with FNs in the Yukon: 1. stay away from areas where FNs have other vested interests (unless you have a deep pocket to persuade them otherwise), and 2. deal with FNs groups which are mining friendly.
My main question would be: why has TG been a sleepy stock? I would presume for a few reasons. First, they are not foolishly wasting cash. Second, they are well positioned near Casino. Casino will be the driving force that opens up the whole White Gold District. Casino, however, is waiting on permitting, roads, and a proposed grid, as well as finalizing deals with Rio and Mitsubishi. When Casino goes through, the whole White Gold District will take off. The Selkirk FNs are pro-mining and there are no competing interests in the area. Casino will shoot first, but I suspect select other companies in the district could follow including TG and Graham Downs' Cascadia, albeit a little longer.